Bitcoin Becomes Legal Tender in Honduran Special Economic Zone

Bitcoin and other cryptocurrencies have become legal tender in a special economic zone on an island on Honduras’ Caribbean coast, officials said.

The tourist-centric island – named “Honduras Prospera” – was established in 2020 to uplift investment. It has administrative, fiscal and budgetary autonomy.
“Prospera’s flexible regulatory framework enables crypto-innovation and the use of Bitcoin by residents, businesses, and governments,” Honduras Prospera said in a statement.
According to Reuters, the economic zone will also allow municipalities, local governments and global firms to issue bitcoin bonds from the area’s jurisdiction.
Honduras Prospera covers parts of the picturesque Roatan island as well as …

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